Loads of US economic data today, can't expect all will be rosie.
Counter-trend USD day?
Counter-trend USD day?
DislikedEURUSD is currently in retracement rejection from 1.1100 zone. 1.1270 zone could be good for short term trades but bear in mind that 1.1200 is now interim support. So to further go down 1.1200 should break, but intraday momentum is still high to the upside. That leaves a potential for 1320-1330 (next zone for short trades) in the case 1280 breaks. 1.1035 should be the target then but ATR is big on EURUSD ( caused by fundamental shifts ) so pay attention to 1200 and 1150 in the case of rejections from POC zones. {image}Ignored
DislikedLoads of US economic data today, can't expect all will be rosie. Counter-trend USD day?Ignored
Disliked{quote} There should be some correction yes. I already closed a part of EURUSD sell. Latest comments from vice Chairman of SNB gave additional momentum to EUR pairs. Did u catch some movement on EURUSD?Ignored
Disliked{quote} Yes, took a few green pips on the way up... Thought the counter-trend trade was a bit risky so pulled the plug early. I prefer to go with trend.Ignored
Disliked{quote} 1270 and 1330 were good for trend entries. Now we need to see whether the price will switch to a "deeper" correction on intraday charts. I have my stops at BE now, took some profits from both of those drops.Ignored
DislikedSome economists now expect the US Fed to hike rates later in 2015 (as opposed to Mid-year) http://www.marketwatch.com/story/dou...any-2015-01-26Ignored
Disliked{quote} Should have been 1100, but as momentum is switching to the upside, i already took 40 pips ( scaled out ) and stops are on BE now.Ignored
DislikedLooks like EUR can go higher. US earnings today was poor. Gold soaringIgnored
DislikedWhat do you think mr T? could eur/usd go to 1.1780-1.18... maybe it's time to look for longs this week? {image}Ignored